Australian wine exports to the UK slipped by 18pc as pubs and bars reopened, while the lucrative China market has all but evaporated.
Australian wine exports fell 4 per cent to $1.94 billion last year, industry body Wine Australia said on Tuesday. Exports to the UK, the second-biggest market, suffered a substantial 18 per cent fall to $373 million.
China was the most lucrative market for Australian exporters before Chinese President Xi Jinping in late 2020 slappedAustralian wine exporters. The tariffs ranged between 116 per cent to 218 per cent. The number of wine producers exporting to China has plummeted to 114 from 2366 in 2019, Wine Australia said. The China export market was worthCEO Tim Ford is one of several Australian business executives planning to soon travel to China after a partial thawing of the troubled diplomatic relations between the two countries.
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